KUALA LUMPUR: The FBM KLCI fell below the 1,450-point level in line with the overnight dip at Wall Street and lower opening at key Asian markets after a weak reading on the US labour market dropped stocks through a key technical level, validating the worries of those who thought the recent rally was flimsy.
At 9.05am, the benchmark FBM KLCI fell 9.08 points to 1,449.00, dragged by losses at key blue chips including CIMB, Genting, Public Bank and KLK.
Losers led gainers by 88 to 43, while 75 counters traded unchanged. Volume was 37.03 million shares valued at RM20.13 million.
Among the major losers, BAT fell 16 sen to RM46.82, CIMB lost 14 sen to RM8.05, PPB Group fell 10 sen to RM16.90, KLK down eight sen to RM16.88 while Faber, Genting, Bursa and Masterskill fell seven sen each to RM3.20, RM9.86, RM8.05 and RM2.89, respectively.
Public Bank and YTL, meanwhile, fell six sen each to RM12.56 and RM7.51.
At 9.05am, the benchmark FBM KLCI fell 9.08 points to 1,449.00, dragged by losses at key blue chips including CIMB, Genting, Public Bank and KLK.
Losers led gainers by 88 to 43, while 75 counters traded unchanged. Volume was 37.03 million shares valued at RM20.13 million.
Among the major losers, BAT fell 16 sen to RM46.82, CIMB lost 14 sen to RM8.05, PPB Group fell 10 sen to RM16.90, KLK down eight sen to RM16.88 while Faber, Genting, Bursa and Masterskill fell seven sen each to RM3.20, RM9.86, RM8.05 and RM2.89, respectively.
Public Bank and YTL, meanwhile, fell six sen each to RM12.56 and RM7.51.
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